Key Takeaways
- • RealBlocks, an alternative investments platform that provides global distribution for fund managers, has hired Seth Stuart as Head of Alternative Investment Product Solutions, according to a Business Wire announcement dated May 18, 2021.
- • Stuart joins from TD Ameritrade (a subsidiary of Charles Schwab), where he led the Alternative Investment Product Solutions practice and helped re-launch and grow managed account solutions to over $100 billion in AUM/AUA.
- • Stuart brings more than 20 years of experience across asset and wealth management, spanning product development, investment marketing and investment research.
- • In his role, Stuart will oversee the full product life cycle of alternative investment solutions, including building, designing, selecting, on-boarding, core positioning and marketing.
- • CEO Perrin Quarshie describes the hire as supporting RealBlocks' rapid expansion and its goal of building a better alternative for investing in private markets.
Summary
RealBlocks, which describes itself as an alternative investments platform enabling global distribution capabilities for fund managers, has appointed Seth Stuart as Head of Alternative Investment Product Solutions, according to a Business Wire release. The firm said Stuart will lead technology and investment product management for its alternative investment product portfolio, helping develop and oversee the full product life cycle, including building, designing, selecting, on-boarding, core positioning and marketing of investment solutions. He will work closely with Scott Brooks, Chief Operating Officer, and Michael Hanus, Senior Managing Director of Distribution.
Stuart joins RealBlocks from TD Ameritrade, where he was responsible for Alternative Investment and Managed Account Product Solutions. The release states he helped re-launch and grow TD Ameritrade's managed account solutions to over $100 billion in AUM/AUA. Before that, he worked as a senior consultant to Prudential Financial Annuities, where he helped design investment stories and overall investment marketing strategy, and was a member of the marketing solutions team at Legg Mason (a subsidiary of Franklin Templeton). His earlier roles included senior investment management research analyst at Morgan Stanley Consulting Group, investment advisory solutions at MetLife, and positions at Avatar Associates and BNY Mellon/Dreyfus.
CEO Perrin Quarshie said Stuart's expertise in alternative investment and fintech product solutions would be instrumental as the firm expands, citing what he described as unprecedented growth in the alternative investment market. Stuart said he was delighted to join a firm revolutionizing how alternative investments are offered. He holds a BS in Political Science and History from the State University of New York College at Brockport and is SIE, Series 7, Series 63 and Series 66 certified.
RealBlocks states that its platform allows alternative investment managers, who are primarily limited to local capital markets, to raise capital in international markets through institutional and intermediary channels.
Stuart joins RealBlocks from TD Ameritrade, where he was responsible for Alternative Investment and Managed Account Product Solutions. The release states he helped re-launch and grow TD Ameritrade's managed account solutions to over $100 billion in AUM/AUA. Before that, he worked as a senior consultant to Prudential Financial Annuities, where he helped design investment stories and overall investment marketing strategy, and was a member of the marketing solutions team at Legg Mason (a subsidiary of Franklin Templeton). His earlier roles included senior investment management research analyst at Morgan Stanley Consulting Group, investment advisory solutions at MetLife, and positions at Avatar Associates and BNY Mellon/Dreyfus.
CEO Perrin Quarshie said Stuart's expertise in alternative investment and fintech product solutions would be instrumental as the firm expands, citing what he described as unprecedented growth in the alternative investment market. Stuart said he was delighted to join a firm revolutionizing how alternative investments are offered. He holds a BS in Political Science and History from the State University of New York College at Brockport and is SIE, Series 7, Series 63 and Series 66 certified.
RealBlocks states that its platform allows alternative investment managers, who are primarily limited to local capital markets, to raise capital in international markets through institutional and intermediary channels.
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